Point Breeze Rental Property

[Dan Powers]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $175,000
Cash invested: $20,000

This prime point breeze property property was is great condition already and simply needed a quick cosmetic rehab to turn this thing into a great rental property. With tons of ongoing rehabs on the block this was a great pickup for my investor and will appreciate for years to come.

What made you interested in investing in this type of deal?

What made my investor interested in this deal was the condition, being as clean as this property was with the plan of keeping this as a rental this was an easy pickup for my investor.

How did you find this deal and how did you negotiate it?

This deal was sourced through New Western and was sold at a first come first serve basis.

How did you finance this deal?

This deal was purchased with cash.

How did you add value to the deal?

Value is being added to this property by redoing the kitchen & bath, a fresh coat of paint, and installing laminate floors instead of the carpet.

What was the outcome?

The outcome is going to be a fantastic rental property that'll being in anywhere in-between 1600-1900/month.

Lessons learned? Challenges?

This was a super easy closing, no challenges occurred.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Dan Powers - New Western